- On December 31, 2007 during President Bush's second term
- On March 6, 2009, very early in President Obama's first term, which was the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown, and
- also on the most recent date February 21, 2014.
Included in the 2 was Diversified Utilities Company PNM Resources, which plays such a pivotal role in New Mexico's economy.
These 2 New Mexico Companies had their equally-company-weighted average stock market prices decline by a massive 84% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.
But in the slightly less than five years since March 6, 2009, the equally-company-weighted average stock market prices of these same 2 New Mexico Companies have increased by a robust 221% through February 21, 2014.
The very well run PNM Resources has the second highest stock market price percentage increase since March 6, 2009 of all US Diversified Utilities Companies.
New Mexico citizens must be pleased with the solid performance of these New Mexico Companies during the Obama Administration.
Below here are the stock market prices of these 2 New Mexico Companies on February 21, 2014, on March 6, 2009, and on December 31, 2007:
Market | Market | ||||||
Price | Price | ||||||
% | % | ||||||
Change | Change | ||||||
Market | Market | Market | 3-6-09 | 12-31-07 | |||
Price | Price | Price | to | to | |||
New Mexico Company | HQs | 2-21-14 | 3-6-09 | 12-31-07 | 2-21-14 | 3-6-09 | |
PNM Resources | Albuquerque | NM | 25.67 | 6.20 | 21.45 | 314% | -71% |
EMCORE | Albuquerque | NM | 4.92 | 2.16 | 61.20 | 128% | -96% |
Average % Change all 2 | 221% | -84% |